President-elect Trump will issue an executive order effectively allowing banks and financial institutions to hold Bitcoin (BTC) and crypto assets on behalf of their clients, according to a new report. The incoming order will reverse a regulatory guideline that has shaped how financial institutions account for and custody digital assets, reports the Washington Post. “…Trump …
Continue reading “US Banks Can Hold Bitcoin and Crypto Under Incoming Trump Executive Order: Report”
Michael Saylor’s MicroStrategy is at it again, adding another 2,530 Bitcoin (BTC) to its digital treasure trove. According to a new post on the social media platform X by Saylor himself, the software development firm now holds 450,000 BTC valued at $28.2 billion. “MicroStrategy has acquired 2,530 BTC for ~$243 million at ~$95,972 per Bitcoin …
The fourth quarter saw the largest jump in institutional crypto OTC trading as Donald Trump’s US election win fueled crypto spot trading to 2024 highs, said Finery Markets.
Bitcoin (BTC) briefly lost the $90,000 level to hit $88,900 on Jan. 13 after falling nearly 7% amid the macroeconomic uncertainty gripping the markets, according to Bitfinex’s latest Alpha report. The report noted that the price drop coincides with a reversal in market sentiment. Spot Bitcoin exchange-traded funds (ETFs) experienced net outflows on 7 of the …
The following is a guest post from Ahmad Shadid, Founder of O.xyz. The dominance of a few large tech companies over AI development has sparked growing concern about the future of technology’s integration into our daily lives and societal well-being. As AI becomes central to our everyday activities, its concentration in the hands of corporations …
Continue reading “The fight for AI Freedom: Decentralization as the answer to monopolies”
The following is a guest post from Christina Comben. Fisher Yu is the co-founder and CTO of Babylon, the Bitcoin staking protocol causing a stir among forward-thinking HODLers. Polite and friendly, he asks how I’m doing and where I’ve flown in from to attend the first Bitcoin Conference in the MENA region. “Not as far …
Tokens recently listed on Binance are underperforming compared to the rest of the crypto market, suggesting that price discovery movements are happening on decentralized exchanges. At the same time, traders use centralized platforms to exit liquidity. According to the analyst known by the pseudonym Ignas, the Pudgy Penguins (PENGU) tokens and ChainGPT (CGPT) are the …
The US Court of Appeals for the Third Circuit granted Coinbase a partial victory in its legal dispute with the Securities and Exchange Commission (SEC) in a Jan. 13 ruling. The panel of judges, led by Circuit Judge Ambro, deemed the SEC’s reasoning “arbitrary and capricious” under the Administrative Procedure Act (APA), a standard requiring …
Continue reading “Coinbase scores legal win, court orders SEC to explain lack of crypto rulemaking”
Tether, the leading stablecoin issuer, is finalizing its plans to move its global headquarters to El Salvador after obtaining a Digital Asset Service Provider (DASP) license, according to a Jan. 13 statement. Tether explained that El Salvador, the first nation to adopt Bitcoin as legal tender, has positioned itself as a global hub for digital …
Continue reading “Tether to relocate global headquarters to Bitcoin-friendly El Salvador”
The comments were part of a speech on Friday titled “Charting a New Course.” Did the FDIC Just Confess to Crypto Debanking? Federal Depositary Insurance Corporation (FDIC) Vice Chairman Travis Hill delivered a speech on Friday condemning the agency’s “Choke Point-like tactics” and urging the organization to take “a new approach to digital assets.” Hill’s …
Continue reading “FDIC Vice Chairman Denounces ‘Choke Point-Like’ Tactics”
In 2024, Tron cemented its status as a formidable force within the cryptocurrency ecosystem, achieving a 119% uptick in daily onchain revenue since Jan. 1. This growth, attributed to increased gas fees and transaction activity, is supported by data from Cryptoquant and insights from community member Crazzyblockk. Cryptoquant, Intotheblock and Defillama Insights Highlight Tron Growth …
PRESS RELEASE. Following the success of the first Launchpool, HTX announced the launch of its second Launchpool with airdrops going live at 09:00 (UTC) on January 8, 2025. This round provides users with a chance to earn airdrop rewards from four quality assets. By locking up $HTX or subscribing to the $HTX Flexible Earn product, …
Continue reading “HTX Launches Launchpool #2: Fourfold Airdrops”
Bitcoin’s mining difficulty has edged up by 0.61%, rising from 109.78 trillion to 110.45 trillion. At the same time, the network’s hashrate remains relatively subdued, following a notable drop from its high of 824 exahash per second (EH/s) to the current 778 EH/s. Bitcoin’s Difficulty Increases, Hashrate Falters Since block height 878,976 was mined, the …
Continue reading “Bitcoin Mining Tightens: Difficulty Hits 110.45 Trillion Amid Revenue Slump”
Strata will launch as an open platform that introduces easy and scalable self-custody while facilitating the use of bitcoin. New Funding to Accelerate Development of Bitcoin ZK Rollup Strata Alpen Labs, a bitcoin infrastructure company announced that it has completed an $8.5 million strategic financing led by the Cyber Fund and DBA. The biggest investors …
Continue reading “Alpen Labs Raises $8.5 Million to Advance Development of Bitcoin ZK Rollup Strata”
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. This edition examines how bitcoin can help grow El Salvador’s tourism industry. Latam Insights Encore: El Salvador’s Bitcoin Push Will Bring Its Tourism Industry to New Heights The Salvadoran tourism industry is having a …
Continue reading “Latam Insights Encore: El Salvador’s Bitcoin Push to Boost Its Tourism Industry”
